fast money management

eHow asked:

Teaching teenagers money management skills is difficult because they have ingrained financial ideas of what to do with their money. Start explaining the principles of money management before teenagers get set in their financial ways withtips from a registered financial consultant in this free video on finance and investment. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC

Veronica

Andy Britnell asked:




I remember how intrigued I was when years ago, and long before I had heard of time management, I recognised the link between time and money, realising that we say that we ’spend’ or ‘invest’ both time and money, and also talk about ’saving’ time and money.

Moreover we usually find that in order to save time, we have to spend money, and vice versa. For example, to save time cooking, we might buy ready- prepared food. Our decision depends on our circumstances and priorities – someone else might well prefer to save some money and spend more time preparing and cooking a meal.

We make these choices all the time and often have no objective yardstick to show us how effective they are – unless our choices are so extreme that eventually we are totally overloaded with commitments, or on the other hand we run out of money! Constantly trying to keep a balance between spending and saving time and money demands a willingness to keep checking priorities.

This is particularly true of self-employed people starting or growing a business. It can be tempting to try and keep all costs as low as possible and do everything yourself. But this can be counter-productive when you realise just how many activities business start-up and business growth entail.

You need to think carefully about money and time management. If you can pay a specialist to do a job and thus free yourself up to do something else, that may be the better solution. Our investments in both time and money will ultimately pay off in the success of our business and the happiness of our lives. It makes sense to think carefully about the balance.

Derek

ForexToolShop asked:

A lesson on how to manage your money when trading forex. Brought to you by www.forextoolshop.com

Dennis

ParkAveConsulting asked:

Money Management or Position Sizing… No Matter What You Call It, You Better Know It! Money Management is like sex: Everyone does it, one way or another, but not many like to talk about it and some do it better than others. In the 21st Century it’s quite normal to manage one’s own investments, yet few implement disciplined Money Risk Management principles or understand them. During the stock market bubble, limiting risk was always an afterthought, but given the recent price action and market conditions, it’s time to get serious! What is your exit strategy? Risk Management is Stop placement. Money & Risk Management, used correctly, is your foundation to proven trading success. JBL Risk Manager is a simple BUT Professional Money Risk Management program that WILL help you achieve financial success. Download and enjoy a FREE 14 day trial at www.paconsulting.net.au You will need access to Metastock® format data to use all the features correctly but not the Metastock® Charting Software

Roger

Joseph Kenny asked:




Foremost among the reasons that lead to marital discord are financial issues. Most couples are unable to or find it extremely difficult to broach the topic openly and honestly. Although the reasons may be different for each couple, being disorganized and unable to communicate are common.

In order to avoid serious consequences it is necessary to for couples to implement the art of budgeting and money management. Couples should avoid conflict over purchases made by each other and learn to respect each other’s opinions.

The initial step is to sit down and discuss the income and expenditure. If there is a lack of communication, which is the case most of the time, this discussion could end in a heated argument. It is important to decide on a strategy before hand, to prevent an ugly situation. For example, get up and drink a glass of water, take a few deep breaths and go for a short walk and then resume the dialogue or invite a friend to be a part of the discussion.

Make a list of all the bills that are pending and the amounts, highlighting the dates on which they need to be paid. Compare this with the joint income and in case of inadequate funds, try to find ways to reduce expenditure or increase income.

Document all facts and figures so that they are easily available to your partner. Make a separate file for documents and papers related to insurance payments, credit card statements, car installments, monthly mortgage, utility bills and expenses. Remove them from the file only when they are paid. Decide on a common place accessible to both, to keep checkbooks, receipts and all relevant financial information. If there have been withdrawals from the joint account, each partner should let the other know the reason.

Such discussions should be scheduled regularly. Financial planning should be an essential part of the discussions. Financial issues become stressful if not handled with care. Make a plan to ensure that both of you take turns to maintain checkbooks, file taxes and track investments. This will allow each partner to be aware of the financial details. Discuss and create a budget to suit both of you.

Try to visualize finances for the next five or ten years. Large amounts of money are required for buying a house or a new car. The different ways in which you could save for these purchases should be discussed openly.

When you set your goals, devise a strategy to achieve them. The plans would mainly comprise of eliminating debt and setting up a savings plan. One excellent way would be to save a certain percentage of the monthly income in a tax deferred account. You can also save and invest in securities and bonds.

Financial mismanagement is generally a key factor in wrecking a happy marriage. In order to keep finances on the right track, proper communication is essential. Regular discussions and mutual decisions on the family budget and savings are sure ways to maintain the harmony among couples.

Tyrone

FindLawThomson asked:

FindLaw provides tips for avoiding debs. URL: www.findlaw.com

Gilbert

eHow asked:

Being an accountant depends on the field of work, which could be tax accounting, public accounting, internal auditing or internal reporting. Learn about the different areas of accounting with helpful information from a practicing CPA in this free video on finance jobs. Expert: Miranda Chook Bio: Miranda Chook is a CPA with expertise in international operations. Filmmaker: Bing Hugh

Louise

AirelonTrading asked:

The Blog Entry that Accompanies this Vlog is at: investorandtrader.blogspot.com My Daily Blog is at: investorandtrader.blogspot.com My channel at BlogTV is: www.blogtv.com There are other strategies that what I list in this video. They are applicable in any market. Be it the Forex markets, daytrading, the stock market, or the commodity futures market. But I urge you to look up different money management strategies, and pick on the fits YOUR risk tolerance (not other peoples risk tolerance, or my risk tolerance)NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance. Included Music is by Paul Young. A personal friend and is not a part of any music license, recording label, etc

Dean

AirelonTrading asked:

The Blog Entry that Accompanies this Vlog is at: investorandtrader.blogspot.com My Daily Blog is at: investorandtrader.blogspot.com My channel at BlogTV is: www.blogtv.com Ok. We’ve got the previous money management principles down. Now we just want to jump into using them to trade the Forex, the Stock Market, to Day Trade with, or to use in the Commodity Futures arena. Not so fast. How do we take everything we’ve discussed thusfar in regards to Money Management Principles, and putting them in an easy to read format? We discuss that in thisvideo . . . NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance. Included Music is by Paul Young. A personal friend and is not a part of any music license, recording label, etc

Glen

ehowfinance asked:

Carbon credits are gained by companies and manufacturers that use environmentally friendly forms of production and produce environmentally friendly products. Find out how the government monitors carbon credits in an effort to reduce emissions and fossil fuel dependency withinformation from a registered financial consultant in this free video on carbon credits. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC

Jorge